Miuccia Prada and husband aren’t being investigated for tax evasion

Miuccia Prada not investigated for tax evasion

Despite reports to the contrary, it looks like Miuccia Prada is not being investigated for tax evasion.

The Prada designer and her husband Patrizio Bertelli (who is also the chief executive of the fashion house) were the subject of reports in Italian newspaper Corriere della Sera claiming the duo had evaded paying the correct taxes on their company.

A lawyer representing the pair told WWD: At the moment, as far as we know, nobody is under investigation.

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The claims date back to the brands voluntary tax disclosure last year, when Prada Holding was brought back to Italy from the relatively lower-taxed Netherlands. As a result of the move, they paid 470 million euros in back taxes. This was a routine payment, however, and not a fine.

Italian designers Domenico Dolce and Stefano Gabbana were caught out for evading £342 million of taxes last year, for selling their brands D&G and Dolce & Gabbana to a holding company in Luxembourg in 2004 to avoid paying more tax.

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